write-off

NOUN
  1. the act of cancelling from an account a bad debt or a worthless asset
  2. (accounting) reduction in the book value of an asset
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How To Use write-off In A Sentence

  • The insurance company wants to know if the hull is a write-off or if it can be salvaged. TO THE ENDS OF THE EARTH
  • If you do find some they'll probably be resprayed write-offs.
  • The car was a complete write-off.
  • I hired my chef instead, which becomes a tax write-off.
  • Adjusted EBITDAR in the fourth quarter of 2008 excludes unusual or non-operating items such as the write-off of preacquisition costs, property tax adjustments, separation pay, casualty losses and adjustments to deferred revenue as itemized on the last page of this release. Digital50.com Digital 50 Daily Industry News RSS Feed
  • They escaped with minor injuries but the van was a write-off.
  • Consequently, unless she made some excuse and left the house as soon as Edna arrived, Tuesday and Friday mornings were a write-off. DEATH SPEAKS SOFTLY
  • Consequently, unless she made some excuse and left the house as soon as Edna arrived, Tuesday and Friday mornings were a write-off. DEATH SPEAKS SOFTLY
  • The appeals court said a trial judge in the case "permissibly found that the claimed tax deductions are for depreciation on property Wells Fargo never expected to own or operate, interest on debt that existed only on a balance sheet, and write-offs for the costs of transactions that amounted to nothing more than tax deduction arbitrage. Court Says Wells Fargo Used Abusive Tax Shelters
  • The insurance company decided to pay out for a write-off but the owner had had it repaired.
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